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. speaking of which, protesters gathering in madrid raised their call for the spanish government to resign. demonstrators again clashed with police, which left 64 injured and led to 38 arrests. prime minister rajoy's reforms have proved deeply unpopular. out to steve sedgwick now who is following the story. steve, are we expecting the intensity of the protests to increase? >> i don't think we are. they've made their point in some cases violently. this is another protest scheduled for saturday evening. just have a look at what's going on in the sxaexact area. this is the neptune fountain, this is the heart of the madrid heart and we have the five star hotel that kelly i'm sure you've stayed at many a times. and this is the area which leads up to the congress, to the parliament. and you can see there are a lot barricades waiting and ready. it's a very normal business day here ahead of what will be yet another bought of austerity for rajoy's government. this is a government that isn't one that ran up huge debt to gdps during the good time. they had ale balanced budget in the good times. it wa
that this was an incentive for government in troubled countries to use the time and the regained confidence to introduce more structural reforms and i'm sure he will be more outspoken in the coming weeks and days about the necessity of national governments to use the time, to use the window of opportunity to deepen and enhance the structural reforms that are so can desperately needed. in all of the eurozone in order to regain world market and increased competitiveness. >> so industry rather happy with the way it's playing out right now. but we've heard other voices where they've said there's too much money circling around in the banking system. with a we need is confidence injection rather than liquidity injection and that can't just be bought by flushing the banking system with money. >> silvia, stay there. the central bank meanwhile as you say been criticizes the imf, accusing the fund of watering down and overstepping its mandate. lawyers from both sides are looking in to the legality of mario draghi's bond buying program saying the issue could be referred to the european court of justice. neither side co
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